Platinum – South Africa is the world's largest platinum producer and also holds the largest reserves of platinum-group metals. However, the country's influence on the platinum sector looks like it is beginning to fade.
Articles Tagged "africa"
Diamond – Reuters reported that the Central African Republic is calling for the ban on its diamond exports to be lifted; the country claims that it needs the tax revenue from sales to help its economy. Certified diamond trading with the country was suspended in May by the Kimberley Process.
Oil – An exciting period of growth has hit oil exploration and development in North Africa.
Uranium – Bloomberg reported that droughts in southwest Africa's Namibia has uranium mines operating the area facing water shortages. Some of the operators include Rio Tinto and Paladin Energy.
Diamond – Lucara Diamond Corp. (TSX:LUC) announced its results for the third quarter of 2013, commenting that it recorded proceeds of $50.9 million at an average sales prices of $625 per carat; operating expenses came in at $110 per carat. Since the end of Q3, the company has been able to repay its $50-million debenture.
Diamond – Brilliant Earth posted an infographic that outlines the key facts consumers should know about unethical diamond mining and why it is important to purchase diamonds from ethical sources.
Iron – Business Standard reports that Jindal Steel and Power Ltd (BOM:532286) has secured five exploration licences for iron ore mining in African countries.
Copper – Bloomberg reported that Glencore Xstrata's (LON:GLEN) copper production rose by 22 percent in Q2 on increased activity at its African mines.As quoted in the Bloomberg report:
Copper – Sama Resources Inc. (TSXV:SME) announced that the NI 43-101 for their Samapleu deposits in Cote d'Ivoire, West Africa has been revised to reflect significant increases, including an indicated mineral resource of 14.1 million tonnes grading 0.24% nickel and 0.20% copper and containing 61.2 million pounds of copper.
Uranium – Forte Energy NL (ASX:FTE,AIM: FTE) announced that they have entered into an agreement to acquire private company Leo Mining and Exploration Limited.